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exceLqa
16 Mar 2021 16:53

Bitcoin Moonkids deal with reality 

Bitcoin / DollarBitfinex

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Bearish signals:
1. Triple weekly divergence RSI.
2. Media attention divergence trends.google.com/trends/explore?date=all&q=bitcoin
3. Probably end of 5 extended wave.

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Doom confirmed, i guess, first target ~35k

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First target reached.
Now waiting for more signals from market for further movements.
Probably some retest of 30k, then pullback up to 50k

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More bearish signals:
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RoxVen89
Actually it's quite the opposite. Look at RSI in 2017 from May till October. It behaved exactly the same. Bearish divergence on RSI while BTC keeps growing. Than divergance is broken in November and RSI follows BTC till top of the run in December.
jlpayan
@RoxVen89, First time in the bull run we retest ATH and break it down. Take care.
RoxVen89
@jlpayan, Not true in two cases. It didn't yet and same happend on April 2017.
jlpayan
@RoxVen89, I mean in this bull run.
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